Australia extends fuel excise relief to ease household cost pressures
Drivers will get a 16¢-a-litre discount in July as the government extends fuel excise relief for another month at a cost of $400 million.
- On Sunday, Prime Minister Anthony Albanese announced Australia will extend fuel excise relief for July, offering motorists 16 cents off per liter—half the 32-cent discount applied since April.
- Higher fuel prices from the Middle East conflict prompted the extension to help households manage cost-of-living pressures. Albanese noted families remain under pressure and the conflict will have a "long economic tail."
- The extension is expected to cost $400 million. Albanese will meet state leaders including Premier Roger Cook on Monday to discuss forgoing GST windfall profits to help fund the relief.
- Former Nationals leader David Littleproud welcomed the extension but said "it's still a kick in the guts" for motorists. Coalition foreign affairs spokesman Brien credited Labor's gradual reduction while criticizing the fragile Iran peace deal.
- Iran recently accused the United States of a "clear breach of its commitments" regarding the fragile peace deal. Albanese indicated the government will continue assessing Middle East circumstances to respond to future shocks.
23 Articles
23 Articles
Fuel costs to creep up as states back excise return
Drivers will pay $10 more to fill a 65-litre tank of fuel when tax relief designed to combat surging fuel prices begins to wind back. The move comes after a volley of dire warnings grocery and transport costs would spike and holiday-makers would stay home if the discounted fuel excise returned in full. The tax will begin to creep back onto prices at the servo from July 1. On the same date, truckers will also have to fork out 16 cents per litre o…
bnr.nl
rd.nlAustralia will provide a discount on petrol and diesel tax for an additional month. Prime Minister Anthony Albanese announced this on Sunday. The country is still struggling with high fuel prices resulting from the Iran war. The support measure is intended to help Australians with the rising cost of living.
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